Indian HDG coil offers for the US, sized 0.012" x 48" G30 (0.30 mm x 1.219 m), have remained the same since last week, as new offers are expected later this week. Offerings are still in the range of $1,100 /mt to $1,150 /mt CFR FO Gulf ports. Prices are expected to continue trending downwards.
For the same size and coating, Chinese offers have fallen another $100 /mt since SteelOrbis' report last week. Chinese offers are now ranging from $1,000 /mt to $1,150 /mt CFR FO West Coast ports.
Chinese offers for 0.019" x 48" G90 (0.48 mm x 1.219 m) have also fallen another $100 /mt since last week and are now ranging from $1,100 /mt to $1,150 /mt CFR FO Gulf Coast ports.
For sizes 0.028" x 48" G40 (0.71 mm x 1.219 m), Chinese mills are now offering at a range of $950 /mt to $1,000 /mt CFR FO West Coast ports, representing a decrease of approximately $25 /mt since last week.
Taiwan is now offering at levels slightly higher than the Chinese offerings. Taiwanese offerings for 0.019" x 48" G90 (0.48 mm x 1.219 m) fall in the range of $1,050 /mt to $1,100 /mt CFR FO West Coast ports.
Taiwanese offerings for sizes 0.012" x 48" G30 (0.30 mm x 1.219 m) are also in the range of $1,050 /mt to $1,100 /mt CFR FO West Coast ports.